Have you been following Bitcoin for years now and always hestitated to make an investment?
These thoughts might feel familiar to you:

When I saw Bitcoin hit $30 in July 2011 I though: „Damn, I should have invested when Bitcoin was at $1 back in April...Now the train has passed.“

Fast forward to 2013, Bitcoin is now not worth $30 but $300: „What?? It cannot be true that I missed this opportunity. $300 for ONE Bitcoin?? Oh well... I'm going back to my stock investments.“

Now its 2017. Bitcoins price has been increasing by roughly 300% from the beginning of 2017 when its value was at around $750, to a new peak on June 12th with $3000.

From 2009 to 2017 Bitcoin had a price increase of over 5 MILLION percent, from a fraction of a cent to $3000...

… and ...

… I'm still NOW entering the market CONFIDENTLY.

Why? Am I crazy?

No. I just believe in the idea of Bitcoin!
But how can I believe in something that has no intrinsic value in it, to keep increasing in value?

Well, let me ask you a question:

You believe in the US Dollar, yes?
...
Why? It's just paper!

A long time ago, currency used to be directly backed by gold, a physical commodity with a limited suppy, so the paper you were holding in your hands was actually worth something. Nowadays the federal reserve is handing out fresh cash like candy to banks, which in return pass it on to the people in the form of loans, recklessly, eventually leading to a huge disbalance in the financial system.

This great cartoon explains the nature of the federal reserve system:

https://www.youtube.com/watch?v=RrwbgdtbdXE&t=74s

Due to the decentralised and limited supply nature of Bitcoin, its potential is ENORMOUS!

I'm not saying that it will completely replace fiat currency any time in the foreseeable future, but with its current market cap of roughly $40 billion, there is lots of room to grow in the grand scheme of global financial markets.

And that brings us to:

Growth Predictions

There is tons of predictions for the price development of Bitcoin by various financial experts that see the potential in this cryptocurrency.

Kay Van-Petersen, an analyst who made correct predictions before, says Bitcoin could hit $100,000 in 10 years.

Source: 🔗cnbc.

But we don't even have to get that „crazy“ (from todays point of view at least 😉) to see a rise in Bitcoins value in the near future.

Looking at the current chart of bitcoin we notice a few dips and dives, which is normal in the young world of cryptocurrency, but whats important, is the trend that is clearly visible:

It's conceivable that Bitcoin could hit the $7,000 mark by the end of october THIS year.

(🔗bitcoinforecast)

So how do I personally invest into Bitcoin?

In one of my previous posts 🔗„Is it TOO LATE to mine Bitcoins NOW?“ I went into detail on why I chose to make an investment into Bitcoin Cloud Mining as opposed to other investment strategies like Bitcoin trading, Bitcoin buy and hold, or mining with my own hardware.

On Genesis Mining, the biggest and most trusted cloud mining service available, I so far invested about $7500 into mining Bitcoin, amounting to 60 TH/s of mining power.
Bitcoin mining contracts on Genesis Mining are LIFETIME, which means that they keep mining as long as it stays profitable.
You can see videos of the Genesis Mines in action on their 🔗youtube channel.

The freshly mined Bitcoins are being send to my wallet daily!

(Also checkout my post 🔗How to STORE cryptocurrency SECURELY?)

So far so good. Lets move on to the interesting part!

The numbers of my potential ROI from my Genesis Cloud Mining investment with two approaches:

1. 😐 Conservative & 2. 😲 Progressive

The Conservative Approach

Now, first of all its important to know that the difficulty of mining Bitcoin is increasing over time, meaning that it takes more and more mining power to mine Bitcoins as time passes. This is an inherent feature of Bitcoins blockchain algorithm which limits its total supply to roughly 21 million Bitcoins. So far, around 16,4 million Bitcoins have been mined and the 21 millionth Bitcoin will have been mined about the year 2100.

The Bitcoin mining calculator on 🔗mycryptobuddy allows us to calculate what the projected total return of our mining contract with Genesis Mining will be, factoring in an assumed difficulty increase and the Maintenance Costs & Pool Fees for the mining (about 28%).

At the current price of Bitcoin ($2367,93 on the 26th of June 2017) the break even point on this investment will be around the 12-13 month of mining.

At this point over 3 Bitcoins have been mined and the $7500 of initial investment has paid itself off!

Now lets see what we will mine with this contract in a timespan of 5 years!

After 5 years, about 6.5 Bitcoins will have been mined amounting to $15,312 at TODAYS Bitcoin price!

Thats roughly a 100% ROI in 5 years, which is 25% per year.
That is amazing if you ask me, considering you are not doing ANYTHING for this 😎

However if you believe in the potential and growth of Bitcoin, assuming that the price in 5 years would be the same as it is today, is VERY CONSERVATIVE!

How about some, more "progressive" calculations? 💰

Analyst Kay Van-Petersen made the prediction that Bitcoin will hit a price of $100,000 in 10 years.
Lets assume it only makes 1/5th of that in 5 years, putting the price at $20,000 per Bitcoin by the middle of 2023.

Lets check what happens to our returns:

😲😲😲 You would have turned your $7,500 into $130,246.

Thats an over 1600% return on investment, or 320% per year, mined with the same Bitcoin Genesis Mining contract.

Now relax and breathe 😌
If those numbers have convinced you in the same way they have convinced me, here is ...

How to get started

Is an investment of $7500 dollars needed to achieve good results with Bitcoin Genesis Mining?

No! I used these numbers because its the investment decision I made personally.

You can start off by investing much less than I have into Bitcoin mining, for example with $30 for 0.2 TH/s. It's always possible to add more hashpower later on (as long as Genesis Mining has capacities left).

Sign up to Genesis Mining using 🔗this link

You can use my referal code 💳"7DkIcf" to get 3% OFF every Genesis Mining purchase.
In return I will also recieve a small upgrade to my mining power.

Genesis Mining supports the following payment methods:
Credit Card (USD), Bitcoin, Dash, Litecoin, Dogecoin

Please note that the view expressed here is not the view of Genesis Mining or any other entity. I am not a financial expert or advisor and purely sharing my personal experience, so please do your own research. No income is guaranteed with genesis mining or any investments I mention. Do not invest more then you can afford to lose.

Thank you very much for reading!

Feel free to share your experiences with mining Bitcoin or any other cryptocurrency and your predictions for the near / far future.

Checkout my other related posts:

🔗How to BUY Cryptocurrencies - A Beginners Guide and my Favorite Exchanges

🔗How to STORE cryptocurrency SECURELY?

🔗Is it TOO LATE to mine Bitcoins NOW?

🔵PredPrey Crypto on Facebook